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markets incidentally, too. bond markets, the fixed income markets, here we're seeing buying in germany at the moment and 10-year german bund around 3%. a little bit of buying into the gild as well as some of the safe haven trades back on. we have this italian bond auction. the first one is going to be settled in 2013 and the last one in this year, as well. it's thought that it is going to see solid demand given that it hasn't gotten any trouble getting off the ground as of late with those bond auctions, as well. a quick wrap on the forex market. here you're looking at selling in the euro/dollar right now. 1.3190. we're flirting with the high level of this trading range that we've been stuck in. dollar/yen, it's thought when this new japanese government coming into place, they're simulating the economy and to make sure a weaker yen is in place, as well. kelly. >> louisa, thanks. we're keeping an eye on gold today. could the precious metal be losing its luster come 2013? we'll find out why kuts has decided to cut exposure to the precious metal for the first time. >>> hello, everybody. we
. among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal.
, as opposed to adam lan za and what triggers this. think of germany, germany in the last three year has had three mass shootings, and they've had the strictest gun control laws in the world. including psychological profiling. and 2011, czech republic, nearby germany, has very lax gun control, they have not had this type shooting. >> so there's nothing we can do? we need to be complacent in the fact that we can send our children to school to be assassinated? >> no, i think that one of the problems we have on the gun control debate is it immediately starts dividing people into, you disagree with me, therefore, you're the enemy. i've opened up saying let's put gun issues on the table. let's include mental health. video games, home back ground in there. and i think where there is common ground, you could say the storage of weapons. but when we immediately start saying, well, you want this, therefore you dislike children or whatever, it's not productive to the debate. and i want to point out, i've been in congress for a long time, i can tell you, gun control debates are very, very difficult. and
are as different as germany and greece. what is it that keeps the united states together? you had a great depression here in the 1930's. things were awful. and yet, i do not believe there were any political movements to get rid of the deficit states from the united states, like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. in the deficit regions. this is not philanthropy. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. you may recall that in the 1920s, internationally, we had a gold stand
shootings in world history. in fact, they both occurred over the last decade was in germany. germany has extremely strict begun control laws. people talk about bans on semiautomatic weapons. you have to undergo two psychological screening tests. both the examples given -- >> i understand. i think everything should be on the table. i don't have a gun, i don't have a bushmaster, i don't know why someone needs 30 rounds necessarily in a magazine, if you're gougt and hunting deer. you make the point these are hunting guns made to look like military guns but they don't have the features of military guns, is that your point? >> that's right. they ban guns based upon how they look, rather than how they function. semiautomatics, one pull of the trig, one bullet comes out. semiautomatics do lots of harm. but the problem is we have to realize that has both costs and benefits. we see the costs here but the benefits are let's say you were attacked by two criminals. would you want to have a gun where you had to manually load the bullets in? if you had a rifle had the pull the bolt back, you may not h
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
is these countries, mainly germany to bail the rest of europe out. germany has balked at that quite a bit. merkel has an election coming up soon. i don't think you'll see germany doing a lot of bailing out the rest of europe. and europe is the number one global concern to this day. if europe doesn't do well, the rest of the world economy is going to suffer. >> gregg: what about japan? is it insolvent already? >> yeah. a lot of people believe so. that will be a big story in 2014. just recently japan announced that they are going to start printed ago lot of money and last week, you saw the yen drop in value 15% which means that, if what we are company exporting to japan that just hurts our sales quite a bit because the value of their yen is less. so not able to buy as many products which is then, gregg, to hurt our stock market because a lot of our growth comes outside our borders of the united states. this is is a problem that goes directly to nks 401-k plan. >> then there is china which is the growth juggernaut but it accelerated? >> in fact the beginning of the year they are looking at double-digit
estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. if today's market action is any suggestion of what's to come, where do you put your money now? >> where do you put your money in the final five trading days of the year? >> well, i think you want to position yourself for growth, for global growth. the u.s. is slowing, so you wan
to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think it will be. if the taxes go up, i think that's something that hurts consumer confidence. you've seen the retail sales in the last part of this season here, have sold off, and many people have said it's because of the fiscal cliff. >> kind of depressing when you say it's a nothing market between now and the end of 2013. how do you make money, if you want to see it's going to be a -- >> he knows rhyme going to say buy apple. it's up 20%, up 50% and some off a little bit. if it sells off, you'll have nice dividend stocks like ant anti--sizer, the subplatform of all of the sma
kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >>> here is a major strike threat you haven't heard about yet. the longshoremen is threatening to strike. and now they are urging president obama to intervene. let's talk to the vice of the supply chain. jonathan that is what will get disrupted. cuts off all manners of stores and businesses. ha is true. >> did you get a response from the letter? >> and you rrnt hoaren't holdin breath. >> it is critical and there is a lot at stake
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audi, built in slovakia, owned byç a germany company. the capital of slovakia is quite aways away from detroit. is this is finally the real romney, the one he promised to give us and now we're seeing? >> but he took his audi to costco and loaded up with cheap merchandise. >> sorry sdmroop. >> so he is a man of the people driving his luxury suv to the discount chain. >> come o dana, he spends the whole campaign saying, i love america, implying the president doesn't. and the first thing he does is buy himself a german automobile. >> well, first he moved out to this wealthy enclave, the home in california. he now has the luctiony automobile and joined the corporate board at marriott international. and then he took that break to complain he lost the election because obama was giving gifts to minorities. this has not been the greatest recovery from an election defeat. surely he needs time to lick his wounds. there might be a better way to do it. he did get to see twilight, so i guess he's enjoying himself. >> i want to spare talking about dana's column with dana, but if it were at the apex
have friends germany. he's 16 hours ahead. and he's still there. >> the end of the world? i think i can't talk about it. >> have you heard that? >> yes. yes. >> no big plans? >> no big plans. too late now. >> the white house doesn't believe that the world is ending. they're getting ready for inauguration, more than a month away. >> the world? no longer ends. the end of the world is tomorrow. >> oh, oh. i got it. okay. >> all gone. what do you think? >> i don't believe that. >> do you think you need to keep running and getting thin considering the world ends tomorrow? >> yes. i try. >> greta: that is your last call. we're closing down shop. time for me to go to bed. before we go a quick look at a fox tile we take a look back at one of the bizarre kidnappings in history, 1963 kidnapping of frank sinatra, junior. plus, the four legged heroes working hard to protect our troops. i take you inside of the world to super dogs to find out what it takes to train these dogs to meet tern concerns of today. >> some dogs go on to be law enforcement dogs. >> greta: this canine responded to the newtown
's not from germany. a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> about 22 past the hour now. the first hint of snow is falling in pennsylvania. it will be heading to the northeast, weather channel meteorologist mike seidel live in new cumberland, pennsylvania. what are you seeing? what do we expect the next couple of days? >> light snow on the pennsylvania turnpike outside of harrisburg. travel fine, not that cold and hasn't snowed that much. this will be the first measurable snowfall for philadelphia. may get an inch of snow. new york city, times square, a couple of inches or so on the grassy services. 5 to 7. a winter storm for boston and snow will fall from dinner time to early on sunday morning. the areas where you got dumped wednesday morning, buffalo, syracuse, look for 3 to 6 inches, not the 10 to 15 you had. the major impact at the airports, already the three new york city airports, newark, laguardia, and kennedy, canceled 180 fli
at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of the year, jamie dimon buying jpmorgan when the whale hit. things looked really dark. some of the best trades happened obviously when it looked like the stocks were in for real trouble. >> look at the greek stock market. look at greek debt. i think it was third point that established a prominent position in greek debt and saw x number of returns thereafter. >> draw the lessons to today. as we teeter on the cliff, what would be the fear trade that people are shunning right now but may turn out to be the best trade looking back? >> i think it's something we already mentioned, and that's the defense sector. >> the sequestration sector is
home from germany to spend the holiday with us. >> reporter: and tomorrow is colby's 27th birthday. >> what's it like to celebrate your birthday at a playoff game like this? >> surreal feeling. it's great. to be here with the family and everybody. such a great game tonight. looking forward to a great victory. >> happy birthday to you, happy birthday to you! >> reporter: also in the group, gary, who was 45 today. >> do you think you'll get that birthday gift? >> i'm hoping they win at 12:00 so we both get the gift. >> reporter: the whole season has been a tasty gift for this ticket holder, who says he would have fired up the grill in the middle of a snowstorm for this game. >> i've been a season ticket holder six years, after being on the waiting list 16 years. so it's starting to pay off and see good games here. >> oh, yeah, i got a big enough coat. >> reporter: as he warmed up around the fire, earl barbie thanks the cold snap favors the skins over the cowboys. >> we're used to the cold. they're not used to that. they're in that warm weather, nice, in the dome and everything. this
%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on the weakening of the yen which we can show you on hopes that that will help the japanese corporate sector. remember, we saw export figures showing a drop of 20% in exports to the use. 15% to china. again, there's a lot of expectation built to this. the aussie/dollar remains the underperformer as we continue to evaluate china's internal rebalancing. now the sterling is stronger, the dollar/yen you already mentioned. and the euro/dollar to get back to the point about the ifo survey is adding .3% to 132.-- 1.3274. we get a rally in the euro. our guest this morning suggested it will be the 150 to 160 range before that beco
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with an average of 182 in germany. 10,000 987 compared with an average of 182 in germany, 75 in spain and 47 in the united kingdom. mexico, their average about 5,980 annual homicides, still half of ours by firearms during that same period. colombia was higher. an executive director of the chicago crime lab has said that this is an outliar and lethal violence. other countries have similar rates of rape and battery but said because so much american violence includes guns, includes guns, the rate of death of so much higher. steady gun violence leads especially, young blacks and latino men are likely to die in a shooting. each year from 2006 to 2010, homicide is the leading cause of death for african-american males from ages 15 to 24 more than the next nine causes of death combined according to the ces for disease control and prevention. gun violence is part of a complex cycle born of poverty and residential segregation as is poor health and substandard education, which all are related to the poverty and the persistent gun violence. challenges that the nation has yet to truly face and address. a
's coat. happy new year, from germany. >>> now let's check in with randi kaye, who's in for anderson cooper with a look ahead at what's on "a.c. 360". >> we're keeping 'em honest ton the program. a 360 follow on a story that stunned all of us. people who are trying to capitalize on the tragedy of newtown. this woman has been arrested, accused of lying to federal agents. you'll hear some of the things she sent out on her e-mails, playing on people's kindness, trying to get money. s and also, late word that president obama will meet with congressional leaders tomorrow. keeping 'em honest, with both sides caught in a trap of their own making? we'll go live to the white house and capitol hill for the latest. and take a look at this, a tornado from the storm system that created holiday havoc across the country and it's not over yet. those stories plus the top ridiculist of 2012. it's all at the top of the hour, john. zp >> thank you, randi. we'll be watching. appreciate it. >>> our fifth story, outfront tonight, the viral political videos of 2012. now, there was no shortage of partisan no
to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i
.8%, germany 1.3%, switzerland, which doesn't have enough bonds to make a difference is about 0.5%. portugal at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion depending on what type of interest rate or discount rate you use for those future liabilities. and that's something that we have some time to address but perhaps more important than the immediate deficit reduction for a lot of institutional investors including ourselves. >> all right, sean. to jim for a second. your firm manages a lot of money for individual and institutional investors. what have they been
to germany as an enlisted man. he insisted on going to vietnam where he faced serious combat. i just think he brings to it first vietnam veteran to be secretary of defense and the only enlisted man ever to be secretary of defense. i think those are credentials that are needed. >> woodruff: any thoughts on this. >> i think some people say the trial balloons are a sign of presidential weak finance they don't go up. they're not really. they're actually a smart way for the president to engage in this i think the opposition to hagel is growing. i think it is rooted in disagreements not just about israel but about defence cuts. but about his ease on iran which are significantly to the left of president. and because he doesn't have a lot of respect of former colleagues here which are chrorming out, and many of them in opposition. i think it's an unlikely nomination. >> woodruff: we return you both to the gun control discussion. we heard from the head of the nra, mark, today, wayne la pierre who is advocating putting an armed guard in every school. the president launched a task force this week. where
partners such as germany, but understanding that things have to change. economist hardouvelis says greeks just need to believe that what's happening now really is leading toward a better future. >> once the depression stops and once the people start seeing the light at the end of the tunnel, then things will turn around. >> brown: is that your hope? or is it a forecast? >> i think in a year and a half we'll see stability. and the big question is whether the political system will be able to accommodate that period. >> brown: a year and a half more at best. small comfort for stelios karaglilanis and his family, facing the onset of winter-- it's too expensive to turn on the heat, he told us-- and a christmas unlike any he'd ever imagined. >> brown: there's more online from my reporting trip, including conversations with greek writers. find that on our poetry and art beat pages. >> warner: we return to our series of different voices and viewpoints on the nation's fiscal cliff debate. tea party activists took aim at government spending three years ago, with protests and rallies in washington a
, but it's not from germany. a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> have you ever been to hobby lobby? if you're in the market for fake flowers or beads or yarn, you may find yourself in a hobby lobby. now, me, i'm not so good at the crafting. this is my handwriting. i can barely use a pen, much less actually fold anything or use scissors. you don't want me around scissors. but many americans do know their way around a hot glue gun, as evidenced by the existence of 525 of these hobby lobby stores spread all across the country. the hobby lobby chain was founded by a guy named david green. he's still the ceo and worth $4.5 billion, which is a lot. according to the store's statement of purpose, however, mr. green's main goal in founding his crafting empire was to sell scrapbooks or construction paper or even to make billions of dollars. it was to honor the lord and operate the company in a manner consistent with biblical principle
it, but whether or not you alter it in a way that protects bases in germany and unneeded nuclear weapons and prolongation of the war in afghanistan, and instead make more cuts elsewhere. >> you know what the republicans, particularly conservative republicans, are arguing, and a couple of them rand paul, pat toomey, put out statements after these negotiations shut down tonight and basically said, look, here's what democrats want. democrats want essentially to take more money from the wealthy, from the top few percent, to pay for more government spending that doesn't help us with the deficit. and you hear members of congress, your republican colleagues who say, in my district, they don't want more spending. and that's how they see this money being spent. >> two things i would say. first of all, that is not the democratic position. no one that i know of is arguing that all of the increased revenue should go for increased spending nap simply isn't the case. by the way not having the sequester doesn't mean increased spending. it mean not having spending cuts. i voted against the idea
nal bell and serving in germany and want to say to my sister, happy holidays and best wishes in norfolk, virginia. everyone loves surprise parties. yeah, so last week we had a surprise party for our dear friend, lizzy. surprise! surprise! surprise! surprise! we totally got her! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chiles, you'll get a bowl of queso that makes even this get-together better. >>> staying silent. it's time now for the poly side bar. tim scott says there could be as many as 30 candidates lining up to take his old job in the house of representatives. but he's refusing to comment on the most well-known of them all. former governor mark sanford who vanished for five days back in 2009. his staff said he was hike on the appalachian trail but he was in south america with a mistress who's now his fiancee. >>> a small group of letter carriers staged protests in washington, d.c. this week in an effort to raise awareness about the to posed legislation to reduce delivery days to five and cost 80,000 jobs. the s
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from germany and asked, how did she get the unemployment rate -- improve the unemployment rate that quickly? she said they immediately made a decision to whether i saw the homes in germany. that's energy efficiency rate their future but all the people back to work and from the 3% as the kinds of things you could do. >> picking people up the inconvenient truths at one point was that movie and "avatar" sometimes supposed to be that movie. do you think there's an environmental movie to change peoples minds? >> the inconvenient truth is screaming loud for a sequel because the inconvenient truth has exposed the problem, but it is not ever really told us about his dissolution. i think the next step one has to do is people are waiting for a very important project as "avatar" with a convenient truth, other films are very good because no matter how you put it, as i said in my speech, people don't care if you're breathing republican era democratic era. people just want to breathe air. but when they go to the faucet, they want to turn on the water and know that water is clean and not pack
come up to me and say why are we doing what so many have fled from? >> germany? germany has universal health care. >> yeah. what the hell is he talking about? >> stephanie: it's jim demint. >> it doesn't have to make sense. he's jim demint. >> ah. >> stephanie: he put a hold on the national women's history museum. we know all we need to know about chicks. he confuses the chicago teacher's strike with violence in the middle east. he said i was reading another story about a distance place where thugs had put 400,000 kids out on the streets, and then i realized it was a story about the chicago teacher's strike. and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six minutes afte
close to an 8 1/2-month high. germany at a 52-week high. the euro at a 7 1/2-month high. things are still moving. china, big debate on the trough here. this is the debate the last two months here. goldman sachs upped its fourth quarter gdp estimates, 7.8% now instead of 7.6%. look, nobody's thinking china's going to go back to 10% or 12%. that's over. 8, 8 1/2, somewhere around there. there is good evidence now that q-4 might be the trough for china. this has been a big debate. a lot of people saying it's going to be weaker in 2013. real estate prices are improving. electricity consumption improving a little bit. industrial production, all of them looking better in the last couple of months. i think that's generally a positive. the one big thing i want to point out, if you watch what's going on in japan, we've got a new prime minister who's coming in who's putting intense pressure on the bank of japan, essentially trying to break their independence essentially. he's told them they've got to increase their inflation target from 1% to at least 2%, and told they have to start massi
germany. >>> it's the top of the hour. you're in the "cnn newsroom." i'm martin savidge. let's a pleasure to be with you. >>> right now in the nation's capital, senators are working to try to keep all of us from going off that fiscal cliff. we've been talking about that for what seems like, well, forever. they've got to reach a deal by new year's day. here's what's happening right now. senate leaders on both sides are trying to reach a budget deal hoping to avert a 2% hike in everyone's paychecks early next year. plus 2 million unemployed people stand to lose their jobless benefits. jessia yellen, the president says he's optimistic but he sure had a firm tone after meeting with the senate and house leaders yesterday. let's just give that a listen. >> so the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. well, we're now at the last minute. and the ame
tradition here in germany and a symbol of good luck, specially if you touch the buttons on the chimney sweeper's coat. happy new year from germany! dangerous weather across america this morning. live pictures of a massive 20-car pile-up that shut down a highway because of ice and this is just the beginning. it was another silent night in washington coming from the nation's leader on both sides of the aisle. one week to go until the country falls off the fiscal cliff. how much is too much when it comes to christmas spirit? take a look at this. neighbors have had enough of this 65,000-light display. but the woman behind it says, it's not going her. and we're going to talk to her live. her name is jan stuart from california and she's up early for us. good morning, merry christmas. i'm in new york. i'm alina cho. >> "starting point" begins right now. >>> and our "starting point" this morning a dangerous winter storm creating holiday travel hazards. new this hour, we're getting word of a pile-up involving at least 20 cars and a big-rig on an interstate 40 west outside of oklahoma city. the
laws. guest: i do not think that will solve the problem. germany has the strongest gun- control laws in the world paying big in chin. in china, individuals cannot own any arms. we have the same kinds of violent situations going on. in connecticut they had some of the strongest gun-control laws in the country and it still occurred there. let's look at the problems that caused this to occur. let's focus on solving those problems instead of just saying it is guns. right now today in connecticut, also weapons -- an assault weapon is a machine gun. they are already controlled. someone cannot just go to the store and buy an assault weapon today. it is not about clips or number of rounds in a gun. we have to focus upon those problems that caused this young man to snap, to kill his mom. i cannot imagine that. and then go and kill six-year oldss. the guns did not make him do that. the guns were not evil. he is evil, his act is evil. we need to deal with what caused the problems. i don't think the guns caused it. host: back to your home state of georgia, james is on the phone on the independen
respect immensely as the new chancellor of germany, she decided because of the protest to shut down nuclear power she is a nuclear physicist, so she should know better. orie tidal wave and a long time but she gave in to the unfair mental pressure and decided to shut down the nuclear power plants and in that corner you have it causes cancer and the weasel advancing in the lower left corner before they don't want hydroelectric power in the region patagonia in the argentinian chilean border. so they are opposed to hydroelectric power and in the bottom right to have a guide is supposed to wind power and you may not be able to read this but it's classic and capitalism still blows to i'm not sure what that has to of capitalism that he made short. >> that might actually turn off. >> let's review just for a second of the progress of protesters don't want vaccines, chemicals, genetically modified crops, research and genetically modified crops, animal research, biology research and nuclear power, natural gas, wind power hydroelectric power, can someone actually believe all that still be consi
them. laws in the u.s. don't apply to a hacking group in germany, for example. >> talk about the bigger issue. cyber security in general, because as you know leon panetta said earlier this year the next pearl harbor might be through cyber warfare. >> yeah. >> is this something that at this point people recognize? is the problem getting worse or better? >> the potential for a major strike, this pearl harbor idea he's put out there, that is not hyperbole. this could be the most efficient ay for those who want to strike our government and society or any other because it doesn't require the physical manifestations of previous terrorism where you have to go disrupt infrastructure take over aircraft do physical destruction. you can stay in your own country, reach out for almost no cost, and deploy software that can bring down utilities, hospitals. worst of all, it could squirrel financial markets. i don't think anything is a higher risk than the ability of going after financial markets and subtly causing problems not turning out the lights on the nyse but jus
lott is in the air force, he's been stationed in germany the last three years. he said there were no words what it was like to see his family again. i would agree. >> that's a huge moment for a family. >> welcome back to "cbs this morning," everyone. >>> let's say you got a smartphone for christmas, well you're probably learning how to use it today, but how much is it learning about you? sharyl attkisson has an eye-opening look how your smartphone is watching almost everything you do. >> reporter: with more than a billion smartphone users, revenue from applications could soon reach $100 billion, a lot of them like flickar and instagram can turn your phone into a studio. but some have little ideas what may be sent along with the photos. do you have any idea what your smartphone collects and does in applications? >> not really not really. >> reporter: we're going to take a photograph of you and see if our expert can find it based on just the photograph. our expert is jason hong a mobile privacy specialist at carnegie melon institute. he's waiting at our washin
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